- Release Date: 02/03/15 14:35
- Summary: ASSET: MCK: MCK: Kingsgate Hotel Wellington franchise ends
- Price Sensitive: No
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MCK 02/03/2015 14:35 ASSET NOT PRICE SENSITIVE REL: 1435 HRS Millennium & Copthorne Hotels New Zealand Limited ASSET: MCK: MCK: Kingsgate Hotel Wellington franchise ends Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) advises that the franchise agreement with the Kingsgate Hotel Wellington will terminate by mutual agreement on 31 March 2015. The agreement is being terminated on the sale of the hotel by the current owner and franchise holder which coincides with the end of the franchise term. Karl Luxon, Vice President of Operations, said , "We have been pleased with the development of this hotel's business over the past seven years. It has certainly benefited from being part of the Millennium, Copthorne and Kingsgate hotel network over this time and we wish the new owners every success for the future." All current bookings held and rate agreements with the hotel will be honoured up to and beyond 31 March 2015. All reservation enquiries after 31 March should be directed to the hotel on +64 4 473 2208. ENDS Issued by Millennium & Copthorne Hotels New Zealand Limited Enquiries to: B K Chiu / Karl Luxon Managing Director / Vice President Operations Millennium & Copthorne Hotels New Zealand Limited (09) 353 5058 End CA:00261342 For:MCK Type:ASSET Time:2015-03-02 14:35:19
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- Ann: ASSET: MCK: MCK: Kingsgate Hotel Wellington franchise ends
Ann: ASSET: MCK: MCK: Kingsgate Hotel Wellington franchise ends
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